Instead, the regulator now said the NOFHC structure will be required only if the bank or its promoter proposes to establish any group entity in the future ...
Jaipur: The RBI has eased a structural hurdle for AU Small Finance Bank's transition to a universal bank, waiving the earlier requirement that promoter holdings be shifted into a Non-Operative ...
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Big relief for AU Small Finance Bank: RBI removes compulsory holding company requirement for universal banking
RBI grants relief to AU Small Finance Bank on promoter holding norms for its Universal Bank transition, removing the ...
So, in case the bank or its promoter/ promoter group wants to get into any other business like mutual fund or insurance post becoming a universal bank then they will need to form NOFHC ...
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